Loading…
Feed wheat and barley prices in Western Canada have trended lower and now match imported US corn at about C$410/t into Lethbridge. Feedlots are switching to corn because domestic grain is available but farmers are reluctant sellers at current prices.
Feedlots substituting US corn for barley and wheat points to softer Canadian feed grain demand and more room for domestic prices to fall, while US corn gains a foothold in the Alberta feed market.
grainews.caPhil Franz-Warkentin, GFM Network NewsMar 24, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
